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by hd95489 1197 days ago
At the end of the day did everyone walk out of the deal knowing they made a boat load of money or were folks wondering if they would be able to offload and hedge the garbage they bought fast enough.
2 comments

The most (in)famous example is Bank of America buying Countrywide in the early stages of the 2007 crash. They ended up losing like 40 billion on that deal.
We were not successful but the people who “won” lost a ton of money.